Sutter Hill Ventures is an American

private equity In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a ty ...

firm focused on

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

investments in technology-based start-up companies. Founded in 1964, Sutter Hill is one of the oldest venture capital firms still in operation. Based in

Palo Alto, CA Palo Alto (; Spanish for "tall stick") is a charter city in the northwestern corner of Santa Clara County, California, United States, in the San Francisco Bay Area, named after a coastal redwood tree known as El Palo Alto. The city was estab ...

, the firm is primarily focused on investments in the fields of networking and computer technology, business and financial services, healthcare, web development, and pop culture, and have been known to invest in angel funds. The firm currently holds positions in a number of publicly traded companies, including Restoration Robotics (HAIR),

Pure Storage Pure Storage is an American publicly traded technology company headquartered in Mountain View, California, United States. It develops all-flash data storage hardware and software products. Pure Storage was founded in 2009 and developed its product ...

(PSTG), Mattersight (MATR), Forty Seven (FTSV),

Threshold Pharmaceuticals Threshold may refer to: Architecture * Threshold (door), the sill of a door Media * ''Threshold'' (1981 film) * ''Threshold'' (TV series), an American science fiction drama series produced during 2005-2006 * "Threshold" (''Stargate SG-1''), ...

(THLD), Molecular Templates (MTEM), Cardica (CRDC), and

Corcept Therapeutics Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of ex ...

(CORT). The firm has also incubated and invested in

Snowflake Computing Snowflake Inc. is a cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The firm offers a cloud-based data storage and an ...

(SNOW) which had the record-setting technology

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

in 2020.

History

Sutter Hill Ventures was founded in 1964 by Bill Draper and Paul Wythes. It began as an off-shoot of a real estate firm and was licensed as a Small Business Investment Company. The firm was an early investor in companies including Qume, a maker of disk drives and printers acquired in 1978 by ITT, and

Diablo Systems Diablo Data Systems was a division of Xerox created by the acquisition of Diablo Systems Inc. for US$29 million in 1972,

, a pioneer of daisy-wheel printers that was acquired by

Xerox Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and electronic document, digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (ha ...

in 1972. In the 1980s, the firm provided seed money for

LSI Logic LSI Logic Corporation, an American company founded in Milpitas, California, was a pioneer in the ASIC and EDA industries. It evolved over time to design and sell semiconductors and software that accelerated storage and networking in data center ...

and Banyan Systems.

References

External links

* Financial services companies established in 1964 Companies based in Palo Alto, California Private equity firms of the United States 1964 establishments in California Venture capital firms of the United States {{private-equity-company-stub